Oil prices peak, as US production falls
SINGAPORE: U.S. oil prices hit their highest levels since mid-2015 on the last trading day of the year as an unexpected fall...
PSX “Top 25 companies” for 2016 announced, Fauji Fertilizer takes the crown
KARACHI: The Acting MD, Haroon Askari, Pakistan Stock Exchange (PSX) on Thursday announced the top twenty-five companies of the year for 2016.
Mr....
As BOP hunts for new president, SBP shares its views regarding potential candidates
LAHORE: State Bank of Pakistan has voiced reservations over the appointment of Naeemuddin Khan, President Bank of Punjab.
Although, it is highly likely...
LCCI opposes suggestions for increase in POL prices
LAHORE: Lahore Chamber of Commerce and Industry (LCCI) has demanded the government reject any suggestion for increase in petroleum products (petrol, oil...
NEPRA scales down power tariff
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) approved a reduction in power tariff of Rs 3.11 per unit on account of...
Engro Polymer approves capital expenditure of Rs10.3 billion for new PVC plant, other projects
LAHORE: A bourse notification filed by Engro Polymer & Chemicals revealed its board of directors approved a capital expenditure of Rs10.3 billion...
Profit, dividend repatriation increased 28.9 percent during July-Nov 2017
KARACHI: State Bank of Pakistan on Wednesday released data pertaining to profit and dividend repatriation on foreign direct investment (FDI) which rose...
Dewan Petroleum given clean chit in Rs36 billion gas pricing dispute
ISLAMABAD: A dispute which erupted after a rise in well-head gas price regarding Dewan Petroleum has been resolved after an arbitrator appointed...
Finance Ministry clueless about total cost of Karachi circular railway
ISLAMABAD: Ministry of Finance (MoF) is reportedly clueless about the total cost of Karachi Circular Railway (KCR) project which comes under China-Pakistan...
Current account deficit can be contained in coming months, says: SBP
ISLAMABAD: The State Bank of Pakistan voiced hope the current account deficit could be reined into a manageable level in the next...
Oil prices steady, as trading activity dries up ahead of new year
SINGAPORE: Oil prices were stable on Thursday with trading activity drying up ahead of the New Year weekend.
Heading into 2018, traders said...
Low financing to SMEs despite cut in policy rate: APBF
KARACHI: All Pakistan Business Forum has urged the commercial banks to improve its financing for small and medium enterprises (SMEs) sector which...
CCI members advocate sugar mafia
ISLAMABAD: Despite countrywide uproar, protests and strikes of sugarcane growers, none of the members of Council of Common Interests (CCI) under the...
Banks to remain closed for public on January 1st
ISLAMABAD: The State Bank of Pakistan (SBP) has announced to observe a bank holiday on January 1, 2018, and will remain closed...
Questions over GE’s power turbines performance being raised in Pakistan
ISLAMABAD/SINGAPORE: General Electric’s flagship gas turbines ran into problems in Pakistan earlier this year, leading to delays and lengthy outages at three newly...